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Difference between developed and developing countries

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Difference between developed and developing countries

Posted by Yash Jha 2 years, 11 months ago

CBSE > Class 10 > Social Science

1 answers

Sia ? 2 years, 11 months ago

BASIS FOR COMPARISON	DEVELOPED COUNTRIES	DEVELOPING COUNTRIES
Meaning	A country having an effective rate of industrialization and individual income is known as Developed Country.	Developing Country is a country which has a slow rate of industrialization and low per capita income.
Unemployment and Poverty	Low	High
Rates	Infant mortality rate, death rate and birth rate is low while the life expectancy rate is high.	High infant mortality rate, death rate and birth rate, along with low life expectancy rate.
Living conditions	Good	Moderate
Generates more revenue from	Industrial sector	Service sector
Growth	High industrial growth.	They rely on the developed countries for their growth.
Standard of living	High	Low
Distribution of Income	Equal	Unequal
Factors of Production	Effectively utilized	Ineffectively utilized

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